<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by Broadridge Transform (tm) - http://www.broadridge.com -->
<!-- Created: Thu Jul 23 21:04:08 UTC 2026 -->
<xs:schema elementFormDefault="qualified" targetNamespace="http://funds.variantinvestments.com/20260723" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:ck0002022674="http://funds.variantinvestments.com/20260723" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:us-types="http://fasb.org/us-types/2026" xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:dtr="http://www.xbrl.org/dtr/type/2024-01-31" xmlns:xbrli="http://www.xbrl.org/2003/instance">
  <xs:annotation>
    <xs:appinfo>
      <link:linkbaseRef xlink:type="simple" xlink:href="ck0002022674-20260723_lab.xml" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef"/>
      <link:linkbaseRef xlink:type="simple" xlink:href="ck0002022674-20260723_pre.xml" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef"/>
      <link:linkbaseRef xlink:type="simple" xlink:href="ck0002022674-20260723_def.xml" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef"/>
    </xs:appinfo>
  </xs:annotation>
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/cef/2026" schemaLocation="https://xbrl.sec.gov/cef/2026/cef-2026.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/cef-pre/2026" schemaLocation="https://xbrl.sec.gov/cef/2026/cef-2026_pre.xsd"/>
  <xs:import namespace="http://www.xbrl.org/dtr/type/2024-01-31" schemaLocation="https://www.xbrl.org/dtr/type/2024-01-31/types.xsd"/>
  <xs:element name="InstitutionalClassSharesMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_InstitutionalClassSharesMember"/>
  <xs:element name="AccessClassSharesMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_AccessClassSharesMember"/>
  <xs:element name="GENERALRISKSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_GENERALRISKSMember"/>
  <xs:element name="LIMITEDLIQUIDITYREPURCHASEOFFERSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_LIMITEDLIQUIDITYREPURCHASEOFFERSMember"/>
  <xs:element name="LEGALTAXANDREGULATORYMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_LEGALTAXANDREGULATORYMember"/>
  <xs:element name="RECENTMARKETCIRCUMSTANCESMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_RECENTMARKETCIRCUMSTANCESMember"/>
  <xs:element name="BORROWINGUSEOFLEVERAGEMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_BORROWINGUSEOFLEVERAGEMember"/>
  <xs:element name="PORTFOLIOTURNOVERMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_PORTFOLIOTURNOVERMember"/>
  <xs:element name="NONDIVERSIFIEDSTATUSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_NONDIVERSIFIEDSTATUSMember"/>
  <xs:element name="NONQUALIFICATIONASARICMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_NONQUALIFICATIONASARICMember"/>
  <xs:element name="INVESTMENTRELATEDRISKSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_INVESTMENTRELATEDRISKSMember"/>
  <xs:element name="GENERALINVESTMENTRELATEDRISKSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_GENERALINVESTMENTRELATEDRISKSMember"/>
  <xs:element name="LIQUIDITYRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_LIQUIDITYRISKMember"/>
  <xs:element name="VALUATIONRISKSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_VALUATIONRISKSMember"/>
  <xs:element name="DUEDILIGENCERISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_DUEDILIGENCERISKMember"/>
  <xs:element name="FRAUDRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_FRAUDRISKMember"/>
  <xs:element name="ALTERNATIVEINVESTMENTSRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_ALTERNATIVEINVESTMENTSRISKMember"/>
  <xs:element name="GENERALECONOMICANDMARKETCONDITIONSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_GENERALECONOMICANDMARKETCONDITIONSMember"/>
  <xs:element name="ASSETALLOCATIONRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_ASSETALLOCATIONRISKMember"/>
  <xs:element name="ARTIFICIALINTELLIGENCEMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_ARTIFICIALINTELLIGENCEMember"/>
  <xs:element name="USEOFARTIFICIALINTELLIGENCEBYTHEINVESTMENTMANAGERMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_USEOFARTIFICIALINTELLIGENCEBYTHEINVESTMENTMANAGERMember"/>
  <xs:element name="EXPEDITEDINVESTMENTDECISIONSRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_EXPEDITEDINVESTMENTDECISIONSRISKMember"/>
  <xs:element name="DIFFICULTYINLOCATINGSUITABLEINVESTMENTSRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_DIFFICULTYINLOCATINGSUITABLEINVESTMENTSRISKMember"/>
  <xs:element name="COUNTERPARTYRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_COUNTERPARTYRISKMember"/>
  <xs:element name="PRIVATEMARKETSRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_PRIVATEMARKETSRISKMember"/>
  <xs:element name="COMMITMENTSTRATEGYRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_COMMITMENTSTRATEGYRISKMember"/>
  <xs:element name="SERVICERRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_SERVICERRISKMember"/>
  <xs:element name="LITIGATIONANDCOLLECTIONSCOSTSRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_LITIGATIONANDCOLLECTIONSCOSTSRISKMember"/>
  <xs:element name="ACTIVETRADINGANDRISKSOFSECURITIESACTIVITIESMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_ACTIVETRADINGANDRISKSOFSECURITIESACTIVITIESMember"/>
  <xs:element name="LIMITEDVOTINGRIGHTSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_LIMITEDVOTINGRIGHTSMember"/>
  <xs:element name="CYBERSECURITYRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_CYBERSECURITYRISKMember"/>
  <xs:element name="CONFLICTSOFINTERESTRELATINGTOCOINVESTINGMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_CONFLICTSOFINTERESTRELATINGTOCOINVESTINGMember"/>
  <xs:element name="LIMITSOFRISKDISCLOSURESMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_LIMITSOFRISKDISCLOSURESMember"/>
  <xs:element name="POTENTIALCONFLICTSOFINTERESTWITHOTHERBUSINESSESOFTHEINVESTMENTMANAGERMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_POTENTIALCONFLICTSOFINTERESTWITHOTHERBUSINESSESOFTHEINVESTMENTMANAGERMember"/>
  <xs:element name="INVESTMENTSTRATEGYSPECIFICINVESTMENTRELATEDRISKSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_INVESTMENTSTRATEGYSPECIFICINVESTMENTRELATEDRISKSMember"/>
  <xs:element name="SPECIALTYFINANCEMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_SPECIALTYFINANCEMember"/>
  <xs:element name="NONBANKLENDINGMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_NONBANKLENDINGMember"/>
  <xs:element name="LITIGATIONFINANCEMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_LITIGATIONFINANCEMember"/>
  <xs:element name="SMALLBUSINESSLENDINGMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_SMALLBUSINESSLENDINGMember"/>
  <xs:element name="RECEIVABLESMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_RECEIVABLESMember"/>
  <xs:element name="RESTRICTEDSECURITIESMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_RESTRICTEDSECURITIESMember"/>
  <xs:element name="WARRANTSANDRIGHTSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_WARRANTSANDRIGHTSMember"/>
  <xs:element name="ROYALTIESMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_ROYALTIESMember"/>
  <xs:element name="SECONDARYPURCHASESOFPRIVATEFUNDSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_SECONDARYPURCHASESOFPRIVATEFUNDSMember"/>
  <xs:element name="PORTFOLIOFINANCEMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_PORTFOLIOFINANCEMember"/>
  <xs:element name="TRADEFINANCEMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_TRADEFINANCEMember"/>
  <xs:element name="TRANSPORTATIONFINANCEMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_TRANSPORTATIONFINANCEMember"/>
  <xs:element name="WAREHOUSINGANDSEASONALFACILITIESMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_WAREHOUSINGANDSEASONALFACILITIESMember"/>
  <xs:element name="REALESTATERELATEDRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_REALESTATERELATEDRISKMember"/>
  <xs:element name="ASSETBACKEDINCLUDINGMORTGAGEBACKEDSECURITIESMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_ASSETBACKEDINCLUDINGMORTGAGEBACKEDSECURITIESMember"/>
  <xs:element name="MERCHANTCASHADVANCESMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_MERCHANTCASHADVANCESMember"/>
  <xs:element name="INCOMESHAREAGREEMENTSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_INCOMESHAREAGREEMENTSMember"/>
  <xs:element name="INFRASTRUCTUREMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_INFRASTRUCTUREMember"/>
  <xs:element name="INTERESTRATERISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_INTERESTRATERISKMember"/>
  <xs:element name="GENERALCREDITRISKSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_GENERALCREDITRISKSMember"/>
  <xs:element name="EXTENSIONRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_EXTENSIONRISKMember"/>
  <xs:element name="ISSUERRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_ISSUERRISKMember"/>
  <xs:element name="PREPAYMENTORCALLRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_PREPAYMENTORCALLRISKMember"/>
  <xs:element name="REINVESTMENTRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_REINVESTMENTRISKMember"/>
  <xs:element name="SPREADRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_SPREADRISKMember"/>
  <xs:element name="DERIVATIVEINSTRUMENTSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_DERIVATIVEINSTRUMENTSMember"/>
  <xs:element name="UNDERLYINGFUNDSRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_UNDERLYINGFUNDSRISKMember"/>
  <xs:element name="ESGINVESTINGMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_ESGINVESTINGMember"/>
  <xs:element name="NONUSINVESTMENTSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_NONUSINVESTMENTSMember"/>
  <xs:element name="NONUSINVESTMENTSEMERGINGMARKETSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_NONUSINVESTMENTSEMERGINGMARKETSMember"/>
  <xs:element name="CURRENCYMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_CURRENCYMember"/>
  <xs:element name="LOANSYNDICATIONRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_LOANSYNDICATIONRISKMember"/>
  <xs:element name="SECTORRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_SECTORRISKMember"/>
  <xs:element name="FINANCIALSECTORRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_FINANCIALSECTORRISKMember"/>
  <xs:element name="SOFRRISKMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_SOFRRISKMember"/>
  <xs:element name="SENIORLOANSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_SENIORLOANSMember"/>
<!-- [WMV7][3z6mvApAD0QSizzK5ZHYQtk42dFAkOCoFGB4C3/NJTg4EQkQjlwJUbsHFd0SZoWn2ulNRBhZOI4wnBy3859vJ7shtFmWZCC6onFkTVDbd9jcBVcUpQNyOfNL3DcL8h12YS84YZ07vV5ODdLmtLb5ikGLwlwlbdW7ucoYd8CMXYIm5USorGGdOYSQ57T7XBL/TOzj4i3nxaLmdCbZ8Ao66LhjUVzC0a/UjGQps1/RgLH8qaYa/iTsO3t+Q2+lye6s05/XhJbRNmkfL2eE4KGha08g8W9wlXQbtHjmR+m1CewXuBIr7l+i7M1wHPoUSob+lhBhHeHGPGmeWJQaSOahNbtlxJIZLcNXPnx4BU2eI2qD3OLQLgsEwC8vS6PpgV8/6w==] CSR-->
  <xs:element name="SHORTPOSITIONSMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0002022674_SHORTPOSITIONSMember"/>
</xs:schema>
